LABU had me for three years. What I had to

LABU had me for three years. What I had to endure during those three years was more than just a loss. Words cannot describe the despair when the loss of minus 98% or more and the maximum loss reached 700 million won. I looked at the chart day by day and hung on to the hope that it would rebound at some point. But hope was slowly erased from the chart, and eventually I realized. Hope is not an investment strategy.

Looking at SOXL these days, I think of LABU on the verge of falling into the abyss. It's much the same. I now recommend using $23 as the break line and not overdoing it. Excessive buying and watering, at first, it seems very attractive. Even in terms of probability, there seems to be a 90% chance of success. But when a 10% chance of failure becomes a reality, I've experienced firsthand that it could be a ticket to hell.

Looking at SOXL's current chart, a metaphor for a racehorse comes to mind. The winning horse does not go back to the starting line. SOXL has already failed several times around $40. Even when it rebounded from its low point this time, it did not bounce like a tennis ball. Instead, it showed six days of sideways movement. There is no upward momentum. If Nvidia collapses next week, SOXL is likely to explode all at once and make a big note.

I know the minds of investors who want to buy SOXL so well. When I bought LABU three years ago, I felt the same way. At the time, the market continued to rise, and it looked like it would rise in the next few years. Semiconductors are the key to AI's rise now. At the time, biotech was the key to the rise of COVID-19. I didn't understand people selling biotech at such a low price. The idea of "now is the chance to pick it up" was so intense. But now I know. I know how dangerous that idea is.

Now I don't believe in the news or the sweet talk on YouTube. Instead, I believe in the charts. The charts don't lie. No matter how good the market looks, and how much pressure I feel to buy something, the racehorse to win doesn't come back to the starting line. That's the biggest lesson from my loss.

I want to say the last thing to SOXL investors. The current SOXL has reduced its upward momentum and seems to have a high risk. When making investment decisions, you should prioritize a cool-headed strategy, not greed. Make sure to keep the hand line and control risks. Don't be swayed by excessive hopes and emotions. After all, investment is a game in which coolness wins.